Vizsla Silver (NYSE:VZLA) Stock Price Down 4.1% - Time to Sell?

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) was down 4.1% during mid-day trading on Wednesday . The company traded as low as $3.40 and last traded at $3.41. Approximately 566,924 shares changed hands during trading, a decline of 69% from the average daily volume of 1,838,643 shares. The stock had previously closed at $3.55.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial reissued an "outperform" rating on shares of Vizsla Silver in a report on Friday, April 4th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $3.83.

Vizsla Silver Trading Down 2.9%

The firm's fifty day moving average is $2.68 and its 200 day moving average is $2.25. The company has a market cap of $979.89 million, a PE ratio of -329.00 and a beta of 0.94.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VZLA. Millennium Management LLC increased its stake in Vizsla Silver by 1,165.0% during the 1st quarter. Millennium Management LLC now owns 2,932,731 shares of the company's stock worth $6,666,000 after buying an additional 2,700,887 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Vizsla Silver by 11.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,053,156 shares of the company's stock valued at $13,837,000 after acquiring an additional 638,184 shares in the last quarter. Amundi boosted its stake in shares of Vizsla Silver by 125.0% in the first quarter. Amundi now owns 2,250,000 shares of the company's stock worth $4,838,000 after acquiring an additional 1,250,000 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in Vizsla Silver by 534.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 370,837 shares of the company's stock valued at $846,000 after purchasing an additional 312,395 shares during the last quarter. Finally, Quarry LP acquired a new position in Vizsla Silver in the 1st quarter valued at $84,000. Institutional investors and hedge funds own 22.46% of the company's stock.

Vizsla Silver Company Profile

Vizsla Silver Corp. engages in the exploration, and development of precious and base metal assets. The company explores for gold, silver, and copper deposits. It owns 100% interest in the Panuco Project covering an area of 7,189.5 hectares located in located in southern Sinaloa, Mexico. The company was formerly known as Vizsla Resources Corp.